Twilio Inc. (NYSE:TWLO) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its holdings in Twilio Inc. (NYSE:TWLO - Free Report) by 24.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,784,716 shares of the technology company's stock after selling 563,674 shares during the quarter. Pictet Asset Management Holding SA owned 1.16% of Twilio worth $192,892,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans acquired a new position in Twilio during the third quarter worth $253,000. Cerity Partners LLC increased its position in shares of Twilio by 41.0% in the third quarter. Cerity Partners LLC now owns 65,168 shares of the technology company's stock valued at $4,250,000 after buying an additional 18,960 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Twilio by 151.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 43,237 shares of the technology company's stock worth $2,820,000 after buying an additional 26,062 shares during the last quarter. Dai ichi Life Insurance Company Ltd acquired a new stake in Twilio in the 3rd quarter valued at about $448,000. Finally, FMR LLC increased its holdings in Twilio by 0.8% during the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company's stock valued at $600,447,000 after acquiring an additional 77,436 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.

Wall Street Analyst Weigh In

TWLO has been the topic of several research reports. Needham & Company LLC increased their price target on shares of Twilio from $91.00 to $165.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Piper Sandler reiterated an "overweight" rating and set a $142.00 target price (up previously from $94.00) on shares of Twilio in a report on Friday, January 24th. Robert W. Baird raised Twilio from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $115.00 to $160.00 in a report on Friday, January 24th. UBS Group increased their price objective on Twilio from $145.00 to $175.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Barclays boosted their target price on shares of Twilio from $120.00 to $140.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Twilio has a consensus rating of "Moderate Buy" and a consensus target price of $135.35.

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Insider Activity

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the business's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares in the company, valued at $27,823,806.18. The trade was a 4.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 2,500 shares of the firm's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $117.45, for a total value of $293,625.00. Following the sale, the chief financial officer now owns 184,164 shares of the company's stock, valued at $21,630,061.80. This represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 21,277 shares of company stock worth $2,441,324. 4.50% of the stock is currently owned by corporate insiders.

Twilio Trading Up 2.0 %

NYSE TWLO traded up $1.92 during mid-day trading on Wednesday, hitting $100.09. The company's stock had a trading volume of 603,548 shares, compared to its average volume of 3,259,750. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio Inc. has a 52-week low of $52.51 and a 52-week high of $151.95. The stock's fifty day simple moving average is $119.96 and its two-hundred day simple moving average is $101.51. The firm has a market capitalization of $15.28 billion, a P/E ratio of -156.39, a price-to-earnings-growth ratio of 4.30 and a beta of 1.47.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. Research analysts expect that Twilio Inc. will post 1.44 EPS for the current year.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.